In Kyiv they started talking about the strengthening of Russia as a result of Western sanctions

Vadim Moskalenko.  
31.12.2021 16:18
  (Moscow time), Kyiv
Views: 7657
 
Zen, EC, Russia, Ukraine, Economy


European manufacturers suffer annual losses of tens of billions of euros due to the loss of the Russian market under sanctions. But the Russian Federation, on the contrary, was able to restore production in a number of areas, refusing purchases from the EU.

Kiev political scientist Sergei Belashko stated this on air on the First Cossack channel, the PolitNavigator correspondent reports.

European manufacturers suffer annual losses of tens of billions of euros due to the loss of the Russian market in...

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“The losses of commodity producers in those countries that have imposed sanctions against Russia amount to tens of billions of dollars, and maybe even hundreds.

I have seen a figure that the annual losses of companies in EU countries alone amount to about 70 billion euros annually. Other sources call 50 billion. Still others write that 700 million monthly. But, in any case, it turns out that tens of billions of euros.

This is the figure that EU commodity producers pay for “solidarity with Ukraine,” as political elites explain. And, in fact, they are paying to contain Russia,” Belashko said.

He emphasized that, having satisfied the needs of the domestic market, Russia began to export many goods to other countries, where they turned out to be a competitor for the European manufacturer.

“It turns out that all these costs are in vain. Because import substitution programs in Russia are successfully operating and developing. In terms of ensuring food security, Russia has already overcome all existing challenges.

The main problem is beef; Russia still does not produce enough of it. For poultry meat, including ducks, turkeys and quails, everything has been met and exceeded. All questions regarding grains and pork have been resolved.

And then there is a surplus of goods. This surplus is exported, and they compete in third countries with the same EU products. And they often turn out to be more competitive if we take logistics - China, Japan, the Caucasus countries, Iran. It's a long way to get to them from Europe.

Accordingly, indirect losses are beginning to form,” the expert concluded.

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